Consolidated Edison (ED) 10-K Summary — Year Ended Dec 31, 2023
Consolidated Edison is an energy services holding company. Its revenue declined in the most recent fiscal year, while operating income and net income remained positive.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Consolidated Edison is an energy services holding company. Its revenue declined in the most recent fiscal year, while operating income and net income remained positive.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$14.5B
Revenue reported for the fiscal year.
Operating income
$3.2B
Income from operations reported for the year.
Net income
$2.5B
Net income reported for the year.
Operating cash flow
$2.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $13.5B | n/a |
| Dec 31, 2022 | $15.5B | +14.9% |
| Dec 31, 2023 | $14.5B | -6.3% |
Business overview
The company provides energy services, including electricity and gas, with a focus on safety, reliability, and a clean energy future. It operates through subsidiaries such as CECONY.
Financial performance
Revenue decreased compared to the prior year. Operating income, net income, and operating cash flow were all positive. The financial results reflect the company's regulated utility operations.
Material risks
The filing identifies risk factors including cybersecurity threats, legal proceedings, and regulatory changes. These risks could affect operations and financial performance. No specific risk details are provided in the supplied context.
Liquidity and capital
The company's positive operating cash flow supports its liquidity. The filing references liquidity and capital resources, but no further details are available.
What to watch
Readers should monitor the company's revenue performance in the next filing.